Petroleum Refining
9 companies · FY2023
Reading the Petroleum Refining CEO Pay Landscape (SIC 29, FY2023)
The Petroleum Refining industry, classified under 2-digit SIC code 29, had 9 SEC-reporting public companies disclose CEO pay ratio data in fiscal year 2023. Across that set of firms, the median CEO-to-worker pay ratio was 105:1 and the average was 95:1. Median CEO total compensation in the sector was $4.6M, with the sector-wide average at $10.5M. These figures are aggregated from DEF 14A proxy statements filed under Section 953(b) of the Dodd-Frank Act, which requires every U.S.-listed reporting company to compare its CEO's total compensation against a representative median employee.
Pay dispersion inside this industry is substantial. The 25th percentile CEO in Petroleum Refining earned $3.5M, while the 75th percentile CEO earned $11.9M — a spread that shows how firm size, equity-heavy compensation packages, and performance-linked incentives can drive very different outcomes even among peers sharing the same SIC code. When the average and median ratios are close, as they are here, pay practices in the sector are relatively uniform and the median is a reliable representative value.
Below you can scan each of the 9 Petroleum Refining companies PlainCEOPay currently tracks in this SIC group, with headline pay, CEO name, median worker pay, and individual pay ratios. Click through to any company page to see the full compensation breakdown — base salary, stock awards, option awards, non-equity incentive pay, pension value changes, and other compensation — plus how that firm specifically compares to this industry benchmark. All data is pulled directly from SEC EDGAR filings and reflects what companies themselves disclosed to shareholders; it is not estimated, imputed, or projected.
Companies in Petroleum Refining (9)
| Company | CEO | CEO Pay | Median Worker | Pay Ratio | FY |
|---|---|---|---|---|---|
| EXXON MOBIL CORPSEC EDGAR DEF 14A — CIK 34088 | — | $36.9M | $185K | 199:1 | 2023 |
| CHEVRON CORPSEC EDGAR DEF 14A — CIK 93410 | — | — | — | 151:1 | 2023 |
| Marathon Petroleum CorpSEC EDGAR DEF 14A — CIK 1510295 | — | $24.1M | $176K | 137:1 | 2023 |
| VALVOLINE INCSEC EDGAR DEF 14A — CIK 1674910 | — | $4.3M | $32K | 132:1 | 2023 |
| QUAKER CHEMICAL CORPSEC EDGAR DEF 14A — CIK 81362 | — | $4.8M | $46K | 105:1 | 2023 |
| Delek US Holdings, Inc.SEC EDGAR DEF 14A — CIK 1694426 | — | $7.8M | $89K | 87:1 | 2023 |
| CVR ENERGY INCSEC EDGAR DEF 14A — CIK 1376139 | — | $4.4M | $131K | 34:1 | 2023 |
| Vertex Energy Inc.SEC EDGAR DEF 14A — CIK 890447 | — | $1.2M | $109K | 11:1 | 2023 |
| PBF Energy Inc.SEC EDGAR DEF 14A — CIK 1534504 | — | $391K | $195K | 2:1 | 2023 |
Frequently Asked Questions
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